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U.K. inflation drops to 2.3%, but interest rate cuts aren’t expected until November

The figure is close to the Bank of England's 2% target, but was still higher than analysts had expected.

Tom Rees

GDP jumped 0.6% in Q1 compared to the previous three months, which was the best reading since late 2021.

With 38 square meters on average per person, London homes are even more cramped than those in New York City.

“Inflation is heading in the right direction and should fall below the Bank of England’s 2% target sometime in the Spring,” said a lead...

Former IMF chief economist predicts fiscal crisis due to swelling U.S. deficit.